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PM E-DRIVE delivers comfort to EV field, however does not have FAME-level motivations Economy &amp Policy News

.The freshly announced PM Electric Travel Revolution in Ingenious Car Augmentation (PM E-DRIVE) scheme has brought comfort to the electric flexibility market, yet the rewards are lower than what the Faster Fostering and Manufacturing of Electric (And Combination) Autos (PROMINENCE) program provided.The incentives around many power vehicles (EVs) have actually gone down from a higher of 85 per-cent to 30 per-cent.The electrical car (e-car) portion, which made use of to get an assistance of up to Rs 1.5 lakh, has actually been excluded coming from the system.The technique is part of the Centre's attempts to slowly minimize subsidies.

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